Current Snapshot & Recent Moves

$MYX #Bitlayer #BTCReclaims120K has exploded in August 2025, surging 1,500%+ from $0.096 (its TGE price in May) to around $2.00 at its peak .

Rapid rallies of 289%–300% within days have included daily spikes as high as 371% across Arbitrum and BNB chain markets .

The token recently reached an all-time high above $2.00, then pulled back to trade around $1.8–1.9 USD .

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⚠️ Risks & Market Drivers

🚨 Overhyped & Volatile Price Behavior

Analysts warn of suspicious trading activity and token unlock events fueling inflated volume and possible manipulation .

Technical indicators, like an RSI near 97, signal overbought conditions. Thin liquidity combined with FOMO-driven retail interest led to a 50% crash in early August 2025 .

🔧 Anticipation Around V2 Upgrade

The upcoming MYX V2 platform upgrade—rumored to include zero‑slippage trading, chain abstraction, and improved matching—has stoked heavy buying momentum .

🧾 Liquidity & Tokenomics Pressure

Despite a market cap of $200M‑$300M, high perp volumes and thin circulating supply have made MYX extremely sensitive to spikes in trading volume and token unlocks .